Like all tenant screening tools or services, it gives us all the standard stuff like full credit reports, criminal background checks, eviction history. 

Please consider this if you move forward.Additionally, you need to have a broker on payroll in illinois and three separate bank accounts with the security deposit trust account located in illinois.

I've got stories that would be hard to believe on some of my seller financing deals, contract on a napkin, personal check for a notarized deed, hand shake deals, etc., etc. and a LOT of fun.

You can double check the info by calling the lender/servicer

I have to check on codes/laws/regulation, but I know CA is on a high of making thinks convenient to build those at the moment.

Sit back and collect checks *(or no checks).

If you have checkbook control you’ll have a bank account with a bank that has FDIC insurance up to $250k per account.  

@Oscar Meneses Check out the BP recommended tax partners here! 

Always do your due diligence folks, search for their name on here, check for criminal and civil court cases in the county they live/do business in, etc. 

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too